Asian Mineral Resources Limited Completes Private Placement
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 06/01/12 -- Asian Mineral Resources Limited ("AMR" or the "Corporation") (TSX VENTURE: ASN) announced on May 25, 2012, the closing of the private placement to Pala Investments Holdings Limited ("Pala") previously announced on March 1, 2012 and April 4, 2012.
Under the private placement, AMR issued to Pala 108,333,333 units at Cdn $0.06 per unit for aggregate proceeds of Cdn $6,500,000. Each unit consists of one AMR common share and one half of one warrant to purchase a common share at Cdn $0.10 until May 25, 2017.
The securities issued under this private placement are subject to a hold period under applicable Canadian securities legislation of four months and a day, expiring on September 26, 2012.
AMR and Pala have also entered into an Investor Rights Agreement pursuant to which AMR has granted Pala pre-emptive rights to subscribe for additional securities of AMR and the right to designate two nominees to the board of directors of AMR, provided Pala holds 10% or more of AMR's outstanding shares.
Company Profile
Asian Mineral Resources Limited is developing the Ban Phuc Nickel Project in Vietnam, a 5 hour drive north-west of Hanoi, in which it has a 90% interest. For further details on the Corporation and the Ban Phuc Nickel Project, please refer to the website at .
Contacts:
Asian Mineral Resources Limited
Paula Kember
CFO
(416) 360-3412
(416) 367-1954 (FAX)
#9 Nguyen Hong Road
Ba Dinh District
Hanoi, VIETNAM
+84 4 3773 7997
+84 4 3773 7996 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 01.06.2012 - 14:03 Uhr
Sprache: Deutsch
News-ID 152281
Anzahl Zeichen: 2604
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 166 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Asian Mineral Resources Limited Completes Private Placement"
steht unter der journalistisch-redaktionellen Verantwortung von
Asian Mineral Resources Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
